New home construction output in the U.S. private sector fell in 2023. Meanwhile, 2022 was the third year of strong growth in a row, with private residential construction reaching a value of 918 billion U.S. dollars. Those trends are also reflected in the number of housing units authorized by building permits, which shows the number of projects that were approved and ready to start.
Value of new private residential construction put in place in the United States from 1964 to 2023
(in billion U.S. dollars)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
US Census Bureau. (May 2, 2024). Value of new private residential construction put in place in the United States from 1964 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 24, 2024, from https://www.statista.com/statistics/184366/new-private-residential-buildings-put-in-place-in-the-us/
US Census Bureau. "Value of new private residential construction put in place in the United States from 1964 to 2023 (in billion U.S. dollars)." Chart. May 2, 2024. Statista. Accessed November 24, 2024. https://www.statista.com/statistics/184366/new-private-residential-buildings-put-in-place-in-the-us/
US Census Bureau. (2024). Value of new private residential construction put in place in the United States from 1964 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 24, 2024. https://www.statista.com/statistics/184366/new-private-residential-buildings-put-in-place-in-the-us/
US Census Bureau. "Value of New Private Residential Construction Put in Place in The United States from 1964 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 2 May 2024, https://www.statista.com/statistics/184366/new-private-residential-buildings-put-in-place-in-the-us/
US Census Bureau, Value of new private residential construction put in place in the United States from 1964 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/184366/new-private-residential-buildings-put-in-place-in-the-us/ (last visited November 24, 2024)
Value of new private residential construction put in place in the United States from 1964 to 2023 (in billion U.S. dollars) [Graph], US Census Bureau, May 2, 2024. [Online]. Available: https://www.statista.com/statistics/184366/new-private-residential-buildings-put-in-place-in-the-us/
